Noble Paul Romano (Unknown) (Semisub)

Hagaq Qim prospect comes up dry in Malta

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09 July 2014

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) has informed that the ‘Noble Paul Romano’ rig, that was used to drill the exploration well targeting the Hagar Qim prospect in offshore Malta Area 4, Block 7, completed operations on the 7th July 2014 and has now moved off location. As announced by MOG on 3rd July 2014, MOG has received formal notification from Phoenicia Energy Company Ltd (a wholly owned subsidiary of Genel Energy plc), the operator of Offshore Malta Area 4, Block 7 that the Hagar Qim-1 well has been drilled to the Eocene and plugged and abandoned with no indications of hydrocarbons. The ‘Noble Paul Romano’ will now be mobilised to Morocco, where it will drill an exploration well for Genel.

Source: http://otp.investis.com/clients/uk/mediterranean_oil_gas/rns/regulatory-story.aspx?cid=510&newsid=432410


More News for Operator: Unknown

23 Apr 2014

'Noble Paul Romano' set to begin Malta well drilling in May 2014

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. The Hagar Qim well in Block 7 of Area 4 is expected to be spudded during May by Noble Drilling’s ‘Noble Paul Romano’ semisub rig. The unit is currently undergoing its final inspection and test at Valletta Harbour in Malta and will soon mobilise to the drilling location.

3 Jan 2011

Noble Corporation Updates Noble Jim Day Contract Status

Noble Corporation (NYSE: NE) today reported that Marathon Oil Company ("Marathon") has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon's stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010. Noble believes the rig is ready to commence operations and should have been accepted by Marathon. The contract was for four years and represented approximately $752 million in contract backlog to Noble. "We are disappointed by Marathon's actions," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "Fortunately, the Noble Jim Day is one of the most capable rigs in existence and there are already a number of potential customers interested in a unit of this caliber." Noble also reported that an independent third-party has affirmed the rig's readiness. The Company also confirmed that the unit's subsea system, including the BOP, has received its certificate of compliance.

23 Feb 2011

Noble Corporation Announces Letter of Intent on Noble Jim Day

Noble Corporation (NYSE: NE) today announced that the Company has secured a Letter of Intent ("LOI") with a subsidiary of Royal Dutch Shell plc for the 12,000 foot ultra-deepwater semisubmersible Noble Jim Day to operate in the U.S. Gulf of Mexico. Under the terms contemplated by the LOI, the effective date of the commitment would be February 15, 2011 and the contract would extend through January 31, 2012. The LOI contemplates that Noble would receive a standby rate if Shell is unable to secure drilling permits. Beginning the sooner of August 1, 2011 or Shell securing a drilling permit for use of the unit, the operating dayrate would be $485,000 per day. During the operating period, the unit would be eligible for a performance bonus of up to 15 percent of the dayrate. The LOI is subject to execution of the drilling contract, although the parties have agreed to a base form of contract and certain of the particular modifications for this work. "We are extremely pleased to see the Noble Jim Day be awarded this LOI so that it can go on the payroll and earn a dayrate effective from mid-February," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "This is an extremely high quality rig and there was significant customer interest, however, other opportunities that would have required a mobilization out of the U.S. Gulf would have precluded us from being able to begin recognizing revenue until much later in the year. Furthermore, the terms of the LOI ensure that under the contract we would earn a full operating dayrate beginning no later than August 1st with potential upside if Shell is able to secure a drilling permit sooner. And the short-term nature of the commitment positions us well if dayrates increase as expected in the latter half of the year."

20 May 2014

'Noble Paul Romano' mobilises to drilling location in Malta

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. MOG was informed by Phoenicia Energy Company Ltd (Phoenicia), a wholly owned subsidiary of Genel that the ‘Noble Paul Romano’ rig was accepted under contract on the 18th May 2014. The unit is now mobilising to the Hagar Qim 1 well location in Block 7 of Area 4 to the south of Malta. Announcement of the mobilisation of the rig means that the spudding of the Hagar Qim 1 well is now imminent.

23 Jan 2008

Another “Bully” at Keppel heralds growing drillship business for the yard

Keppel Shipyard Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M) has been awarded a contract valued at about SGD 145 million for the integration and completion of a new build “Bully” drillship. Keppel secured the contract with a company jointly owned by Frontier Drilling and Shell. This is the second drillship of the “Bully” rig design awarded to Keppel by the same owners. The first “Bully” drillship was awarded in June 2007 with delivery by fourth quarter 2009. The new hull will be built in China and is due to arrive at Keppel Shipyard in the first quarter of 2009. The drillship is expected to be delivered by the second quarter of 2010.

27 May 2014

'Noble Paul Romano' spuds first Malta wildcat since 2002

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. MOG was informed by Phoenicia Energy Company Ltd (Phoenicia), the operator of Malta Block 7 of Area 4, that the semi-submersible rig 'Noble Paul Romano' has been secured on location and that the Hagar Qim 1 well spudded at 08:00 hours on 24th May 2014. The well, located approximately 130km south of Malta in c.450m of water, is anticipated to take a minimum of 2 to 3 months to complete operations. The Hagar Qim well is the 11th well to be drilled offshore Malta. The last exploration well that was drilled was the Lampuko well in 2002.

31 Jul 2014

Genel spuds SM-1 exploration well in Morocco

Genel Energy’s partner Serica Energy plc (Serica) has confirmed the spudding of the SM-1 well in Morocco. The ‘Noble Paul Romano’ semisub spudded the well, located on the Sidi Moussa licence at 23:10 hours on 30th July 2014. The well is approximately 60km off the west coast of Morocco in 990m of water and is anticipated to take between 60 to 90 days to complete operations.

20 Oct 2014

Genel announces discovery at Sidi Moussa block

San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825mMDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform cased hole testing. San Leon holds a 10% net working interest in the Sidi Moussa block, where Genel Energy is the operator. The SM-1 well was spud using the Noble Paul Romano semisub drilling rig on the 30th July 2014.

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